Archive | February, 2011

Plan today so you can succeed tomorrow

Your succession plan needs to tie into economic cycles. Assume the economy slowly emerges out of this recession and is relatively robust in seven years. A 55-year old business owner today will be about 62 when we hit the next bull economy.

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Pension reform proposals from Governor Christie and Senator Sweeney

Angela Delli Santi, at Bloomberg, reported that a proposed bill of Senate President Stephen Sweeney requires increased pension contributions from government workers but leaves retirees out of the mix. Sweeney’s proposal links pension contributions to the financial solvency of retirement funds. It also halts automatic cost-of-living increases but allows for the 9 percent benefit increase. [...]

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